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| Economy |
| Trump-era economy: A rising tide is lifting all boats |
| 2019-05-06 |
| [Washington Examiner] The central theme of Democratic campaigns this year is that American capitalism doesn’t work for the working man, and so we need to replace it, or at least dramatically reshape our economy. These folks should take a look at the economic numbers that have come out in the past few days. For starters, the headline numbers are amazing. Employers added 263,000 jobs in April, helping bring unemployment down to 3.7%, the lowest number in 50 years. Wages increased by an average of 3.2%. These great topline numbers are not enough, though, to refute the naysayers and the revolutionaries. Since March 2009 (the bottom of the financial crisis), while the stock market has steadily risen and the economy has steadily grown, not everybody has seen this growth. The working class has mostly seen stagnation. The highest-educated counties have experienced basically all of the growth, leaving most of Middle America in decline. |
| Posted by:Besoeker |
| #4 Economy is doing great. Thanks, Obama - thanks for not being President anymore. As for being at/near a tipping point, it was disturbing to see how many people were giddy over Bernie Sanders in the run-up to the last election. Of course, not one of them knew what Venezuela was. Or would become. |
| Posted by: SteveS 2019-05-06 17:55 |
| #3 If we had real reporters nowadays, it would be fun to have these assholes explain exactly how 'capitalism doesn't work'. It works just fine for me, but then again I'm not sitting on my ass looking for welfare checks. |
| Posted by: Raj 2019-05-06 17:51 |
| #2 Interesting to imagine this "capitalism doesn't work" game plan being used if Hillary had been elected and we didn't have the Trump economic recovery so obviously refuting it. Lot of younglings are/were ready to lap it up. We really were close to a tipping point. |
| Posted by: rschwarz 2019-05-06 15:30 |
| #1 The demoncrats don't want a functional economy. They want communism with them at the top and everyone dependent on the government. That is how they keep power. |
| Posted by: DarthVader 2019-05-06 15:23 |